What is the purpose of contracts?

• 2024-11-23
• 2

Contracts are for:  

 

• Successful business outcome for contracting parties

•  Relationship-building

•  Effective information (for clients, contracting parties, & non-legal audience)

• Team collaboration on essential terms (such as Limitation of Liability, Governing Law, Termination, Insurance)

•  Legal risk and compliance management

•  Sales and Marketing leverage